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Moldova: EU-supported credit line allows local clothing brand to grow

February 6, 2020

A new story shared on the EU4Business website talks about a Moldovan clothing brand that has been able to expand thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD) under the EU4Business initiative.

The company received a €20,000 line of credit that has helped to transform the company over several years into a modern, technologically savvy business with 114 employees.

The factory started operations in 1994 in a rented space with a handful of employees. According to the company’s chief executive officer, the EBRD-EU4Business credit line allowed him to buy modern software that helps to manage the business based on the latest standards.

The new information system has integrated several departments, allowing the company to obtain accurate information on production costs and volumes, and to track stock, sales and expenses. Many work processes are now automated, allowing employees to allocate time to other activities.

As a result, the company can now manage its growing customer base effectively by responding to their needs and retaining customers.

Read more about the story of this entrepreneur and how to apply for similar funding on the EU4Business website.

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